April 15, 2020 Comments Off on Gebroe-Hammer Tallies $316M in Q1 MF Sales Views: 310 New Jersey, New York News, Tri-State Area New York

Gebroe-Hammer Tallies $316M in Q1 MF Sales

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Multifamily brokerage Gebroe-Hammer Associates, based in Livingston, NJ, tallied $316.4 million in sales during the first quarter. The firm arranged sales across New Jersey, the Philadelphia metro area and New York State.

“Q1 marked “a ‘carry-over’ of the same historic multifamily investment confidence that fueled one of the longest and most aggressive apartment-property investment cycles in history,” said president Ken Uranowitz.

“Now, as a society and as an industry, we find ourselves in unchartered waters due to the sudden and abrupt measures imposed to slow the spread of COVID-19,” Uranowitz said. “While there are challenges that can only be fully addressed with the passage of time, health and well-being remain paramount.

“In this regard, multifamily properties play an integral role in providing tenants and communities with the most basic needs of shelter, a place to live and a place from which to telecommute for work or education,” he added.

Pictured: 3343 Park Ave. in Union City, NJ, part of a $65-million portfolio sale brokered by Gebroe-Hammer.

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